Huaxin Cement Co. has completed a strategic acquisition in Nigeria with the purchase of the entire 83.81% shareholding of Holcim in Lafarge Africa PLC (56.4% of the shareholding via Caricement BV and 27.77 % via Assoc. Intl. Cements) at an equity value of USD 1 billion on a 100% basis before dividend adjustments. The other 16.19% shareholding are traded at the Nigerian Stock Exchange. With plants in Ewekoro and Sagamu in the South-West, Mfamosing (photo) in the South and Ashaka in the North-East of Nigeria, Lafarge Africa Plc comprises 10.5 Mta nominal cement production capacity, which will significantly expand Huaxin’s influence in Africa.